FAAC: Kwara Govt Releases April Federal Allocation Figures

The Kwara State government has released its federal allocation figures for the month of April, 2018.

According to a statement on Thursday by the Permanent Secretary of the State Ministry of Finance, Mr. Benjamin Fatigun, the State government got a total of N3,358,957,097.84 as allocation for April, against the N3, 561, 553, 082.85 it received in March.

Giving a breakdown of the allocation figures, Fatigun disclosed that the State government got a statutory allocation of N2,223,435,335.44, Value Added Tax (VAT) of N794,311,758.63 and exchange difference of N341,210,003.77, totaling N3,358,957,097.84.

The Permanent Secretary also announced that the 16 local government councils in the State received a total of N2,421,804,495.27 as allocation for April, against the N2,522,265,998.89 they got last month.

Detail of the allocation to the local councils shows that they received a statutory allocation of N1,746,457,018.06, Value Added Tax (VAT) of N450,296,350.94 and exchange difference of N225,051,126.27.